On the eve of the nationalization, Schmittmann was dismissed by the Dutch Finance Ministry, he told lawmakers in a 2011 hearing. He received an 8 million-euro ($11 million) severance payment, less than what he was entitled to under his contract and more than the Dutch government sought to pay.
London Deaths
Schmittmann owned 2phase2, a management company for investments and financial transactions, according to information on LinkedIn Corp.’s professional social-networking website. He’s also co-founder of 5 Park Lane BV, and last year returned to banking as a supervisory board member at Delta Lloyd Bank NV.
Recent deaths by finance workers around the world have raised concerns of mental health and stress levels in the industry.
A coroner in London last month started an inquest into the apparent suicide of William Broeksmit, 58, a retired Deutsche Bank AG risk executive found dead in his London home in January. The inquest for Gabriel Magee, a 39-year-old vice president in technology operations at JPMorgan Chase & Co., who died after falling from the firm’s 33-story London headquarters, is scheduled for late May.
In 2009, former ABN Amro Holding NV Chief Financial Officer Huibert Boumeester, 49, took his life while suffering from depression, according to the coroner investigating his death. The banker was found dead from gunshot wounds by police that June in woodlands 25 miles west of his London home.